OXIS Energy Harnesses an Agreement with Steatite that will Enhance the Development of Lithium Sulfur Battery Systems

    OXIS Energy Harnesses an Agreement with Steatite that will Enhance the
                Development of Lithium Sulfur Battery Systems

  PR Newswire

  LONDON, October 11, 2013

LONDON, October 11, 2013 /PRNewswire/ --

The agreement combines OXIS's expertise in the development of pioneering cell
technology with Steatite's battery pack design and assembly skills. They have
agreed to develop lithium sulfur rechargeable battery systems with advanced
communications. These systems will be developed for a wide range of
applications in the Oceanographic, Defence and Energy industry such as
unmanned vehicles, as well as Li-S solar battery storage systems utilising
photovoltaic cell technology.

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With interest in the Downhole Oil and Gas industry, they will work closely
together in identifying suitable partners using OXIS Technology for use in
Steatite Battery Systems.

According to OXIS Energy CEO, Huw Hampson-Jones, " We are extremely proud of
being at the forefront of developing Lithium Sulfur battery technology but the
agreement we have reached with Steatite allows us to combine our strengths in
a way that will significantly intensify their further development. Their
expertise in Oil & Gas, Transportation and Security will allow us to deploy
our Lithium Sulfur cell technology into sectors where safety, lightweight
systems and reliable energy performance are key requirements for their
customers. We are keen to support the Company in growing its battery systems
business in the  UK  and overseas ."

Paul Edwards, Battery Manager at Steatite, commented; "Steatite has
established an enviable reputation for building high quality battery packs
used in the most demanding applications. Our association with the world's
leading lithium cell manufacturers and knowledge of the battery industry will
continue to improve with our association with OXIS energy. Lithium Sulfur is a
game-changing technology offering significant technical and commercial
advantages in applications using rechargeable lithium technology. We are
delighted to partner OXIS energy at the forefront of this development."

About OXIS Energy Ltd

Since it was founded in 2005, OXIS Energy Ltd has been at the forefront of
developing Lithium Sulfur battery technology. It has been involved in the
design, development and now the move towards commercial production of Polymer
Lithium Sulfur cells for electric vehicles battery systems. It has been
granted 50 patents, with 31 pending. OXIS has demonstrable empirical data,
justifying its claim on the inherent safety of its battery technology.

Due to the advanced materials being used, the research being undertaken by
OXIS requires significant supplier support. OXIS has set up relationships with
world-leading companies and universities to ensure that new materials and
processes are available during development.

OXIS has signed a licence agreement with GP Batteries, a major world-class
manufacturer of primary and rechargeable batteries and the largest consumer
battery manufacturer in China. Both parties are working together to augment
the commercial production of the OXIS technology for use in commercial
applications.

http://www.oxisenergy.com

About Steatite

Steatite Limited is a group company of Solid State PLC. Steatite is divided
into product divisions: Steatite Wordsworth, Steatite Rugged Systems, Steatite
Batteries, Steatite Embedded and Steatite Q-Par Antennas, together offering a
range of complementary products and systems that range from industrial
computer equipment, batteries, components, embedded solutions, microwave
antennas and sub-systems as well as a full range of rugged notebook computers
and PDAs.

Steatite has specialist industry skills in Oil and Gas, Oceanography,
Satellite Systems, Telecommunications, Medical, Government, Security and
Defence applications. Dedicated in-house teams support customers by designing,
building and supplying the most advanced range of components and systems
tailored to their application needs, supported by the reassurance of
first-class quality standards.

Based in Redditch, Worcestershire, UK, Steatite employs over 90 people.

For more information visit the Steatite website at: http://www.steatite.co.uk

Contact: For more information contact: Huw W. Hampson-Jones, CEO,
+44-(0)1865-407-017, huw@oxisenergy.com; Jim Munger, Group Marketing Manager,
+44-(0)1527-512400, jamesm@steatite.co.uk.